The analyst said that Bitcoin long-term holders have reduced their holdings for consecutive 7 weeks, but the price continues to rise, and current demand can still absorb the additional supply.
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Bitcoin long-term holders reduce holdings for consecutive 7 weeks, but have not yet hindered price gains
BlockBeats news,October 6, analyst Axel Adler Jr. stated that Bitcoin long-term holders (LTH) have reduced their holdings for 7 consecutive weeks, but the Bitcoin price has continued to rise, indicating that current market demand is still able to absorb this additional supply.
Data shows that the LTH SOPR has remained negative since August 17 and continues to the present.September 28, the indicator fell to -73400, while BTC 1 weeks earlier it was only -1100. However, compared with BTC 2025 years November when it once reached -1070000,BTC the current scale of selling remains significantly smaller.
Meanwhile,LTH SOPR has remained above 2 weeks in a row, 1，September 28 recorded 1.18, meaning that the Bitcoin recently transferred by long-term holders has realized an average profit of approximately 18%. Axel Adler Jr. believes that long-term holders are currently mainly taking profits during the rise. What truly warrants attention is a further expansion in the scale of selling, alongside the Bitcoin price ceasing to rise or even turning downward.
Original link https://m.theblockbeats.info/flash/370407
Key points
01
BlockBeats news reported that analyst Axel Adler Jr. said that Bitcoin long-term holders have reduced their holdings for consecutive 7 weeks.
02
The report stated that the Bitcoin price continues to rise.
03
The long-term holder holdings-change indicator has remained negative since August 17 and continued to do so as of the report’s publication.
04
September 28, the indicator stood at -73400 BTC；1 weeks earlier it stood at -1100 BTC。
05
The report compared the current data with 2025 years November when it once reached -1070000 BTC and said that the current scale of selling is significantly smaller.
06
LTH SOPR has remained above 2 weeks in a row, 1，September 28 recorded 1.18。
07
Axel Adler Jr. believes that long-term holders are mainly taking profits during the rise, and cautioned that attention should be paid to situations in which selling expands and the price stops rising or turns downward.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Long-term holders are selling or transferring some Bitcoin, but the price described in the report is still rising. The analyst therefore believes that the market can currently absorb this additional supply.LTH SOPR is 1.18, according to the original text’s explanation, the Bitcoin recently transferred by long-term holders realized an average profit of approximately 18%.
Why it matters to readers
Selling by long-term holders increases the Bitcoin supply that the market needs to absorb. If the price continues to rise during the selling, this indicates that the demand described in the report can temporarily absorb the supply; the original text states that caution is warranted if selling continues to expand and the price stops rising or declines.
Beginners can observe both the scale of long-term-holder selling and Bitcoin price movements, and should not judge the market direction based on a single on-chain indicator.
Risks and unknowns
The report did not provide an independently verifiable link to the primary data.
The original text does not clearly specify the years to which August 17 and September 28 belong.
“Demand can absorb the additional supply” and the risk assessment come from the analyst’s interpretation and are not independently verified causal conclusions.
The original text does not state how the scale of subsequent selling and the price will change.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
